September 13, 2002
Bond-Rating Update for August 2002
The following institutions had their bond ratings upgraded or downgraded during August 2002. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- Hill College, by Moody's Investors Service, from Baa1 to A3. Applies to $6.9-million in new and outstanding bonds. Reasons cited include enrollment growth,